Vail Resorts, Inc. (NYSE:MTN) Stock Position Increased by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its position in Vail Resorts, Inc. (NYSE:MTN) by 70.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 167 shares of the company’s stock after buying an additional 69 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Vail Resorts were worth $36,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTN. American Century Companies Inc. raised its stake in shares of Vail Resorts by 21.8% in the 1st quarter. American Century Companies Inc. now owns 1,565 shares of the company’s stock worth $407,000 after buying an additional 280 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Vail Resorts by 7.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 876 shares of the company’s stock worth $228,000 after buying an additional 63 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Vail Resorts by 4.4% during the first quarter. Private Advisor Group LLC now owns 1,811 shares of the company’s stock worth $471,000 after purchasing an additional 76 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Vail Resorts during the first quarter worth $672,000. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Vail Resorts during the first quarter worth $691,000. Institutional investors own 94.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MTN shares. Truist Financial reaffirmed a “buy” rating and set a $290.00 target price on shares of Vail Resorts in a research report on Friday, January 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $263.00 target price on shares of Vail Resorts in a research report on Friday, March 22nd. Morgan Stanley boosted their target price on Vail Resorts from $247.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Bank of America lowered Vail Resorts from a “buy” rating to a “neutral” rating and cut their target price for the stock from $285.00 to $250.00 in a research report on Friday, March 8th. Finally, Mizuho started coverage on Vail Resorts in a research report on Tuesday, March 26th. They set a “buy” rating and a $256.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $266.33.

Insider Buying and Selling at Vail Resorts

In other Vail Resorts news, Director Peter A. Vaughn sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $222.77, for a total value of $222,770.00. Following the transaction, the director now owns 7,592 shares in the company, valued at $1,691,269.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Vail Resorts Stock Down 5.0 %

NYSE:MTN opened at $202.94 on Friday. The business’s fifty day moving average price is $224.95 and its 200 day moving average price is $221.16. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 2.37. Vail Resorts, Inc. has a 1-year low of $202.74 and a 1-year high of $258.13. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.27 and a beta of 1.11.

Vail Resorts (NYSE:MTN) last issued its earnings results on Monday, March 11th. The company reported $5.76 EPS for the quarter, missing analysts’ consensus estimates of $6.07 by ($0.31). Vail Resorts had a net margin of 8.44% and a return on equity of 19.16%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm earned $5.16 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Vail Resorts, Inc. will post 7.75 earnings per share for the current fiscal year.

Vail Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $2.22 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $8.88 dividend on an annualized basis and a yield of 4.38%. This is an increase from Vail Resorts’s previous quarterly dividend of $2.06. Vail Resorts’s payout ratio is 148.25%.

Vail Resorts Profile

Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and regional ski areas in the United States. It operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 41 destination mountain resorts and regional ski areas. This segment is also involved in the ancillary activities, including ski school, dining, and retail/rental operations, as well as real estate brokerage activities.